Hybrid Funds Get Record Cash as Stocks Swing Most Since ‘42
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More money than ever is flowing to mutual funds that buy both stocks and bonds, a sign that individuals are starting to return to equities during the most volatile bull market since at least 1942.
About $18.6 billion was added to so-called hybrid funds last quarter, the most since the Investment Company Institute started tracking the data in 1984. The record flows show that while investors remain skittish after the worst financial crisis since the Great Depression, they want more equities after the Standard & Poor’s 500 Index doubled since March 2009.